IT was billed as the largest commercial real estate transaction in the province's history, and last March's sale of the Sun-X Properties industrial portfolio proved to be a harbinger of the record-breaking year 2007 would be for Winnipeg's commercial real estate sector.
Colliers Pratt McGarry, a local real estate firm that tracks commercial property sales valued at $1 million or more, said there were more than $700 million worth of those transactions in the city in 2007."Our best year previous to this was probably somewhere between $475 million and $480 million," Don White, an investment broker with the firm, said in an interview. "So it's a significant jump in sales volumes. And it was for all product types -- apartment blocks, industrial, office and retail."
